Jefferies Group Comments on Navient Corporation’s FY2018 Earnings (NAVI)

Jefferies Group Comments on Navient Corporation’s FY2018 Earnings (NAVI)

Navient Corporation (NASDAQ:NAVI) – Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Navient Corporation in a research note issued on Wednesday. Jefferies Group analyst J. Hecht now expects that the brokerage will earn $1.94 per share for the year, down from their previous estimate of $2.08. Jefferies Group currently has a “Hold” rating and a $18.00 target price on the stock.

NAVI has been the subject of a number of other research reports. Barclays PLC reduced their price objective on Navient Corporation to $20.00 in a research report on Thursday. Zacks Investment Research upgraded Navient Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 13th. J P Morgan Chase & Co downgraded Navient Corporation from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday, January 17th. Credit Suisse Group downgraded Navient Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $18.50 to $18.00 in a research report on Wednesday, January 4th. Finally, DA Davidson began coverage on Navient Corporation in a research report on Friday, January 6th. They issued a “buy” rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.33.

Navient Corporation (NASDAQ:NAVI) traded down 1.05% on Friday, hitting $15.13. The stock had a trading volume of 1,519,888 shares. Navient Corporation has a 1-year low of $8.20 and a 1-year high of $17.95. The firm has a market cap of $4.40 billion, a P/E ratio of 7.14 and a beta of 2.61. The firm’s 50-day moving average price is $16.53 and its 200-day moving average price is $15.02.

Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 24th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Navient Corporation had a return on equity of 15.65% and a net margin of 13.72%. During the same period in the prior year, the firm posted $0.49 earnings per share.

A number of institutional investors have recently modified their holdings of NAVI. Toronto Dominion Bank boosted its stake in Navient Corporation by 397.4% in the third quarter. Toronto Dominion Bank now owns 9,376 shares of the company’s stock valued at $135,000 after buying an additional 7,491 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Navient Corporation during the second quarter valued at approximately $121,000. Moore Capital Management LP purchased a new stake in Navient Corporation during the third quarter valued at approximately $150,000. IFP Advisors Inc boosted its stake in Navient Corporation by 25.9% in the second quarter. IFP Advisors Inc now owns 10,844 shares of the company’s stock valued at $130,000 after buying an additional 2,232 shares during the period. Finally, Balasa Dinverno & Foltz LLC boosted its stake in Navient Corporation by 13.5% in the third quarter. Balasa Dinverno & Foltz LLC now owns 11,553 shares of the company’s stock valued at $167,000 after buying an additional 1,373 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Navient Corporation Company Profile

Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.

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